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Oracle Shares Offered at Deep Discount
3 Nov
Summary
- Oracle plans to sell $10 billion in shares.
- The offering is expected at an 11% discount.
- Shares are anticipated to price at $116 each.
Oracle Corp. is moving forward with plans to offer $10 billion in shares. People familiar with the matter report that the technology giant is poised to price this substantial sale at an 11% discount. This decision follows a choppy trading session earlier in the week that saw Oracle's stock price falter.
The offering is expected to be priced at $116 per share. This pricing strategy aims to attract investors despite recent market volatility affecting the company's stock value.
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